New Study from StrategyR Highlights a $8.4 Billion Global Market for Cloud Project Portfolio Management by 2026

SAN FRANCISCO, Aug. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Cloud Project Portfolio Management - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: May 2021
Executive Pool: 45507
Companies: 12 - Players covered include CA Technologies, Inc.; Changepoint Corp.; Clarizen; Hewlett Packard Enterprise Development LP (HPE); Mavenlink, Inc.; Microsoft Corporation; Oracle Corporation; Planisware; Planview, Inc.; SAP SE; ServiceNow, Inc.; Upland Software, Inc.; Workfront and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Portfolio Management, Demand Management, Project Management, Resource Management, Financial Management, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Cloud Project Portfolio Management Market to Reach $8.4 Billion by 2026

Amid the COVID-19 crisis, the global market for Cloud Project Portfolio Management estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$8.4 Billion by 2026, growing at a CAGR of 13.7% over the analysis period. Portfolio Management, one of the segments analyzed in the report, is projected to record a 12.6% CAGR and reach US$2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Demand Management segment is readjusted to a revised 14.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026

The Cloud Project Portfolio Management market in the U.S. is estimated at US$1.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2026 trailing a CAGR of 13.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 11.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.

Project Management Segment to Reach US$2.1 Billion by the year 2026

In the global Project Management segment, USA, Canada, Japan, China and Europe will drive the 12.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$707.7 Million in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$470.2 Million by the year 2026. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.